This research paper examines the impact of technology on the oil and gas industry, specifically in the context of exploration and production. The purpose of the study is to analyze the innovative techniques being utilized and the challenges and limitations associated with technology adoption in the industry. The paper presents case studies of successful technology implementation and discusses the future of innovation in exploration and production. Technological advancements in the oil and gas industry have led to significant improvements in efficiency and cost savings. Innovative techniques such as 3D and 4D seismic imaging, unconventional oil and gas extraction, robotics and automation, data analytics and artificial intelligence, block chain technology, and digital twinning have revolutionized exploration and production processes. These technologies have enhanced decision-making, optimized operations, and reduced environmental impact. However, the industry faces challenges in adopting new technologies, including resistance to change, high costs, cybersecurity concerns, and technical limitations. Overcoming these challenges is crucial for the industry's long-term success and sustainability. The research concludes by emphasizing the need for continued innovation and technology adoption in the oil and gas industry. Future advancements in nanotechnology, machine learning, and augmented reality hold the potential for further transformative impacts. By addressing the challenges associated with technology adoption, the industry can strive towards a more sustainable and profitable future, meeting the growing global energy demand. Policymakers, industry stakeholders, and investors should stay informed about the latest trends and developments to make informed decisions and drive growth in the industry.
| Published in | Journal of Energy and Natural Resources (Volume 12, Issue 3) |
| DOI | 10.11648/j.jenr.20231203.11 |
| Page(s) | 25-29 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2023. Published by Science Publishing Group |
Oil and Gas Industry, Exploration and Production, Technology, Innovation, Environmental Impact
| [1] | Lee, J., Sorensen, C., Lemery, J., Workman, C. F., Linstadt, H., & Bazilian, M. D. (2022). Managing upstream oil and gas emissions: A public health oriented approach. Journal of Environmental Management, 310, 114766. https://doi.org/https://doi.org/10.1016/j.jenvman.2022.114766 |
| [2] | Stevens, P. (2018). 71 The Role of Oil and Gas in the Economic Development of the Global Economy. In T. Addison & A. Roe (Eds.), Extractive Industries: The Management of Resources as a Driver of Sustainable Development (pp. 0). Oxford University Press. https://doi.org/10.1093/oso/9780198817369.003.0004 |
| [3] | Akhondi, M. r., Talevski, A., Carlsen, S., & Petersen, S. (2010, 20-23 April 2010). Applications of Wireless Sensor Networks in the Oil, Gas and Resources Industries. 2010 24th IEEE International Conference on Advanced Information Networking and Applications. |
| [4] | Alagoz, E. (2023, May). Changing Landscape of Oil and Gas Exploration and Production AI-Generated Figures Showcasing Technological Innovation [Technical note]. doi: 10.13140/RG.2.2.13591.55205. |
| [5] | Elgouacem, A., Halland, H., Botta, E., & Singh, G. (2020). The fiscal implications of the low-carbon transition. https://doi.org/doi:https://doi.org/10.1787/6cea13aa-en |
| [6] | Engebretsen, R. A., Catherine. (2020). The impact of Coronavirus (COVID-19) and the global oil price shock on the fiscal position of oil-exporting developing countries. |
| [7] | Palmer, A. (2016). Introduction to Petroleum Exploration and Engineering. https://doi.org/10.1142/10229. |
| [8] | Reible, D. D., Honarparvar, S., Chen, C.-C., Illangasekare, T. H., & MacDonell, M. (2016). Environmental Impacts of Hydraulic Fracturing. In S. Orszulik (Ed.), Environmental Technology in the Oil Industry (pp. 199-219). Springer International Publishing. https://doi.org/10.1007/978-3-319-24334-4_6. |
| [9] | Md Arshad, A. R., Abdul Latiff, A. H., & Bashir, Y. (2022). Chapter 1 - Seismic data acquisition including survey design and factors affecting seismic acquisition. In Y. Bashir, A. A. Babasafari, A. R. M. Arshad, S. Y. M. Alashloo, A. H. A. Latiff, R. Hamidi, S. Rezaei, T. Ratnam, C. Sambo, & D. P. Ghosh (Eds.), Seismic Imaging Methods and Applications for Oil and Gas Exploration (pp. 1-17). Elsevier. https://doi.org/https://doi.org/10.1016/B978-0-323-91946-3.00006-7. |
| [10] | Fleming, S. R., Frank. (2014). Oil and Gas Transportation: Department of Transportation Is Taking Actions to Address Rail Safety, but Additional Actions Are Needed to Improve Pipeline Safety. U. S. Government Accountability Office. Retrieved 4/28/2023 from https://www.gao.gov/products/gao-14-667. |
| [11] | Solarin, S. A. (2020). The effects of shale oil production, capital and labour on economic growth in the United States: A maximum likelihood analysis of the resource curse hypothesis. Resources Policy, 68, 101799. https://doi.org/https://doi.org/10.1016/j.resourpol.2020.101799 |
| [12] | Shukla, A., & Karki, H. (2016a). Application of robotics in offshore oil and gas industry— A review Part II. Robotics and Autonomous Systems, 75, 508-524. https://doi.org/https://doi.org/10.1016/j.robot.2015.09.013. |
| [13] | Shukla, A., & Karki, H. (2016b). Application of robotics in onshore oil and gas industry - A review Part I. Robotics Auton. Syst., 75, 490-507. |
| [14] | Mohammadpoor, M., & Torabi, F. (2020). Big Data analytics in oil and gas industry: An emerging trend. Petroleum, 6 (4), 321-328. https://doi.org/https://doi.org/10.1016/j.petlm.2018.11.001 |
| [15] | Ahmad, R. W., Salah, K., Jayaraman, R., Yaqoob, I., & Omar, M. (2022). Blockchain in oil and gas industry: Applications, challenges, and future trends. Technology in Society, 68, 101941. https://doi.org/https://doi.org/10.1016/j.techsoc.2022.101941. |
APA Style
Ekrem Alagoz, Yaser Alghawi, Muhammed Said Ergul. (2023). Innovation in Exploration and Production: How Technology Is Changing the Oil and Gas Landscape. Journal of Energy and Natural Resources, 12(3), 25-29. https://doi.org/10.11648/j.jenr.20231203.11
ACS Style
Ekrem Alagoz; Yaser Alghawi; Muhammed Said Ergul. Innovation in Exploration and Production: How Technology Is Changing the Oil and Gas Landscape. J. Energy Nat. Resour. 2023, 12(3), 25-29. doi: 10.11648/j.jenr.20231203.11
AMA Style
Ekrem Alagoz, Yaser Alghawi, Muhammed Said Ergul. Innovation in Exploration and Production: How Technology Is Changing the Oil and Gas Landscape. J Energy Nat Resour. 2023;12(3):25-29. doi: 10.11648/j.jenr.20231203.11
Share This Article
Twitter
Linked In
Facebook
Copy
Download@article{10.11648/j.jenr.20231203.11,
author = {Ekrem Alagoz and Yaser Alghawi and Muhammed Said Ergul},
title = {Innovation in Exploration and Production: How Technology Is Changing the Oil and Gas Landscape},
journal = {Journal of Energy and Natural Resources},
volume = {12},
number = {3},
pages = {25-29},
doi = {10.11648/j.jenr.20231203.11},
url = {https://doi.org/10.11648/j.jenr.20231203.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jenr.20231203.11},
abstract = {This research paper examines the impact of technology on the oil and gas industry, specifically in the context of exploration and production. The purpose of the study is to analyze the innovative techniques being utilized and the challenges and limitations associated with technology adoption in the industry. The paper presents case studies of successful technology implementation and discusses the future of innovation in exploration and production. Technological advancements in the oil and gas industry have led to significant improvements in efficiency and cost savings. Innovative techniques such as 3D and 4D seismic imaging, unconventional oil and gas extraction, robotics and automation, data analytics and artificial intelligence, block chain technology, and digital twinning have revolutionized exploration and production processes. These technologies have enhanced decision-making, optimized operations, and reduced environmental impact. However, the industry faces challenges in adopting new technologies, including resistance to change, high costs, cybersecurity concerns, and technical limitations. Overcoming these challenges is crucial for the industry's long-term success and sustainability. The research concludes by emphasizing the need for continued innovation and technology adoption in the oil and gas industry. Future advancements in nanotechnology, machine learning, and augmented reality hold the potential for further transformative impacts. By addressing the challenges associated with technology adoption, the industry can strive towards a more sustainable and profitable future, meeting the growing global energy demand. Policymakers, industry stakeholders, and investors should stay informed about the latest trends and developments to make informed decisions and drive growth in the industry.},
year = {2023}
}
TY - JOUR T1 - Innovation in Exploration and Production: How Technology Is Changing the Oil and Gas Landscape AU - Ekrem Alagoz AU - Yaser Alghawi AU - Muhammed Said Ergul Y1 - 2023/07/06 PY - 2023 N1 - https://doi.org/10.11648/j.jenr.20231203.11 DO - 10.11648/j.jenr.20231203.11 T2 - Journal of Energy and Natural Resources JF - Journal of Energy and Natural Resources JO - Journal of Energy and Natural Resources SP - 25 EP - 29 PB - Science Publishing Group SN - 2330-7404 UR - https://doi.org/10.11648/j.jenr.20231203.11 AB - This research paper examines the impact of technology on the oil and gas industry, specifically in the context of exploration and production. The purpose of the study is to analyze the innovative techniques being utilized and the challenges and limitations associated with technology adoption in the industry. The paper presents case studies of successful technology implementation and discusses the future of innovation in exploration and production. Technological advancements in the oil and gas industry have led to significant improvements in efficiency and cost savings. Innovative techniques such as 3D and 4D seismic imaging, unconventional oil and gas extraction, robotics and automation, data analytics and artificial intelligence, block chain technology, and digital twinning have revolutionized exploration and production processes. These technologies have enhanced decision-making, optimized operations, and reduced environmental impact. However, the industry faces challenges in adopting new technologies, including resistance to change, high costs, cybersecurity concerns, and technical limitations. Overcoming these challenges is crucial for the industry's long-term success and sustainability. The research concludes by emphasizing the need for continued innovation and technology adoption in the oil and gas industry. Future advancements in nanotechnology, machine learning, and augmented reality hold the potential for further transformative impacts. By addressing the challenges associated with technology adoption, the industry can strive towards a more sustainable and profitable future, meeting the growing global energy demand. Policymakers, industry stakeholders, and investors should stay informed about the latest trends and developments to make informed decisions and drive growth in the industry. VL - 12 IS - 3 ER -
Email: